CBN ruins Black Market business, says Gwadabe

Central Bank of Nigeria (CBN’s) foreign exchange management policies have begun to put severe pressure on Nigeria’s parallel foreign currency market as ‘Black marketers’ begin to see their trading margins disappear. Indeed with more stable supply of forex and growing investor confidence on rising oil prices (currently at $74 per barrel) , the More...

by Uchenna Ajah | Published 2 hours ago
By Uchenna Ajah On Monday, April 23rd, 2018
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Manufacturers groan despite improved bank liquidity

By FELIX OLOYEDE Nigerian manufacturers are still credit-starved despite the improved liquidity of the banking sector. Although credit to the private sector has been rising, manufacturers have claimed that access More...

By Uchenna Ajah On Sunday, April 22nd, 2018
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Economy: Nigeria receives massive vote of confidence – Adeosun

…We will continue to build reserves and save for the rainy day – Emefiele From OKEY ONYENWEAKU, Washington D.C, USA Minister of Finance, Kemi Adeosun Saturday in Washington D.C, USA said Nigeria has More...

By Uchenna Ajah On Sunday, April 22nd, 2018
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Nigeria-US Investment Summit not included in our schedule, says Adeosun, Emefiele

The Minister of Finance, Kemi Adeosun and the governor of the Central Bank of Nigeria, Godwin Emefiele, have explained the reasons why they were absent at the Nigeria-Us Investors Summit which was held in Washington, More...

By Uchenna Ajah On Sunday, April 22nd, 2018
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World Bank jacks up share capital by $13 billion

World Bank shareholders have approved an increase in the bank’s lending capacity  after the United States backed a reform package that curbs loans and charges more for higher income countries like China. World More...

By Uchenna Ajah On Friday, April 20th, 2018
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Elumelu urges African leaders to prioritize youth development

From OKEY ONYENWEAKU,, Washington, D.C , USA Chairman, United Bank for Africa, UBA, Mr Tony Elumelu has urged African Leaders to create enabling environment for youth entrepreneurship to thrive. Tony Elumelu Mr. More...

By Uchenna Ajah On Thursday, April 19th, 2018
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Smuggling: NCS seizes rice, vegetable oil worth N65m

The Federal Operation Unit Zone B of Nigeria Customs Service said on Thursday it seized 1, 500 bags of smuggled rice and vegetable oil valued over N65 million in Kaduna. File photo The Controller, Usman Dakingari More...

By Uchenna Ajah On Wednesday, April 18th, 2018
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Oil prices to crash soon – IMF warns

The International Monetary Fund (IMF) has  predicted that Nigerian economy will grow from 0.8 per cent in 2017 to 2.1 per cent by the end 2018, while warning of possible crash in crude oil prices. Finance Minister, More...

By Uchenna Ajah On Wednesday, April 18th, 2018
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Insider abuse cause of high non-performing loans—Chairman House Committee on Banking & Currency

  From OKEY ONYENWEAKU, Washington D.C, USA Chairman House Committee on Banking & Currency, Hon. Jones Onyereri has said the mounting non-performing loans in banks emerged as a result of rampant abuse More...